Precious metals can be found in a great many forms. Gold, silver and platinum are used extensively in jewelry and also in coins from all over the world, past and present. These metals are also efficient conductors of electricity and are used in many electronic applications ranging from computers to medical equipment. Even artwork and ornamentation is no stranger to precious metals. The scarcity of these metals makes them valuable, and this value has always increased over time relative to other commodities.
Throughout history, during economic or geopolitical turmoil, precious metals not only retain their value, but appreciate and an accelerated rate. Seen as a secure investment by many, gold, silver and platinum coins and bullion are always in high demand. As stock markets rise and fall, the dollar strengthens and weakens, and consumer debts reach unprecedented levels, people seek the confidence of owning precious metals like never before. At Metro Pawn & Gun, we are happy to be part of this equation.
Here is a random chart showing the performance of gold from the year 2000 till present. Gold continued to rise in value from around $300/ounce in the year 2000 to nearly $1900/ounce in 2011, coinciding with a peak in global financial uncertainty and insecurity. As the world stabilized, so did the price of gold. At $1196/ounce as of September 2018, your $300/ounce investment in 2001 has definitely paid off!
If you need to sell or pawn any form of precious metals, we will make a fair market offer. If you are looking to buy, we have a tremendous inventory of coins, jewelry and bullion available at any given time. Whether you need some quick cash or are looking to add to your stash of investments, we can help. As 2019 begins, so too does another year of providing our clients the opportunities availed by the precious metal markets. Stop in and see us today!
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